Executive Summary
“The emerging policy environment around emissions and climate change is one of the defining drivers of Grupo Ferrovial’s business sectors over the coming decades. The number of climate related business opportunities and risks are increasing, and the time is ripe for the Ferrovial to determine actions to align its business units’ collective response to this challenge”
FERROVIAL
Towards a low carbon economic recovery
Although the impacts of the current economic crisis are primarily financial, we are also experiencing an environmental and social crisis. Financial institutions and companies in Spain, Portugal and the rest of the world are confronted with financial difficulties as well as increased competition for finite resources (energy, water, minerals, crops, etc.) and severe social and employment challenges.
The preventative and mitigation actions which companies are taking to address climate change are particularly relevant in these circumstances, making it easier for them to avoid risks, reduce the costs associated with energy and raw materials and develop new business and employment opportunities in the transition towards a low carbon economy.
By promoting corporate transparency on climate change policy and
practices, CDP seeks to encourage improvements in their management of climate change. This year CDP sent its annual questionnaire to the 125 largest listed companies in Spain and Portugal asking them to measure and report what climate change means for their business. The information provided by the 50 companies that responded to this questionnaire provides valuable insight into the business strategies companies are using to prepare for a resource constrained world and shows a shift in company strategy to prepare better for a low carbon economy and act on the business opportunities. The report assesses which are the leading companies in each sector and investors, governments, researchers and interest groups, can use these finding and the responses from companies to make better informed decision.
In addition to a global focus CDP also has a regional approach; in 2011 the responses from Spain and Portugal were combined to form the Iberia 125
Figure 3: Evolution of the sample (2008-2011) 2011 responding companies
35 2011 sample 85
2010 responding companies 34
2010 sample 85
2009 responding companies 35
2009 sample 85
2008 responding companies 25
2008 sample 35 0 10 Spain Portugal 12 20 30 40 50 60 70 80 90 100 110 120 130 20 7 40 12 40 13
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